BMW Boss Calls EV-Only Strategy A ‘Dead-End’

- The automaker remains committed to ICE, hybrid, EV, and hydrogen-powered vehicles.
- Demand for BMW’s electrified vehicles is on the rise, and it has many new EVs on the cards.
- A new hydrogen vehicle is being readied by BMW, complete with help from Toyota.
BMW has been criticized in the past for being too slow to develop compelling EVs and was also one of the few major automakers that did not commit to a firm date when it would be selling nothing but EVs. Now, as some of its rivals back away from their EV-only pledges, Munich’s more cautious approach seems to be paying off.
The German brand has long believed that a wide range of powertrain technologies is needed, and during its annual meeting last week, boss Oliver Zipse doubled down on this approach. As such, BMW will continue to build and sell petrol, diesel, hybrid, and also hydrogen vehicles alongside the slew of new EVs it already has in the works.
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“We take ambitious political goals seriously – but we don’t believe in technically one-sided regulations that limit supply,” Zipse said. “The same principle applies to the circular economy. Here, too, only a comprehensive approach can enable and stimulate investment. Because, as a standalone technology, e-mobility leads down a dead-end street – that much is now clear. The differences are simply too great, even just within Europe.”
Zipse used the examples of Belgium and Italy. In Belgium, generous incentives resulted in EVs and hybrids reaching a market share of over 60% last year. By comparison, they only accounted for 4% of sales in Italy. He added that the most important question is how to effectively cut CO2 emissions, and that the answer is not “thinking in black and white.”

“While other manufacturers are reversing course or adjusting their strategy, we are on exactly the right track,” Zipse told shareholders. “Even policymakers are starting to come around: The new German federal government supports a broad approach to technology, while the European Commission seeks to make Europe more competitive.”
Demand is on the rise for BMW’s electrified models. In the first quarter, electrified vehicles made up more than 25% of all new cars it sold, while almost one-fifth of them were fully-electric. In 2028, BMW will release its first hydrogen production vehicle with the help of Toyota.
